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Florida proposes a bill to invest up to 10% of state funds and pensions in Bitcoin and crypto ETFs.Public Funds Could Get a Crypto BoostPolitical and Economic Implications
Brian Armstrong says most people will use crypto in 10 years—without even realizing it.Just Like the Internet BoomWhat This Means for the Crypto Industry
Ripple is leading a $1B raise to buy XRP via a digital-asset treasury through a SPAC, according to Bloomberg.Why Use a SPAC for the XRP Treasury?What This Means for XRP and the Crypto Industry
Jack Dorsey suggests that Signal should adopt Bitcoin to strengthen user privacy and financial freedom.Why Bitcoin Could Be the Perfect Fit for SignalWhat This Could Mean for Users and Crypto Adoption
Spot Bitcoin ETFs lost $536M on Oct 16, while Ethereum ETFs saw $56.88M outflow. Only BlackRock ETHA recorded an inflow.Ethereum ETFs Also Feel the HeatWhat This Means for Investors
Uniswap now supports Solana, letting users connect Solana wallets and trade across 14+ networks.Solana Wallet Support Now LiveWhy This Matters for DeFi Users
- 07:17European stocks open mostly lower, with the German DAX index falling below 24,000 pointsJinse Finance reported that European stocks opened broadly lower, with the German DAX index falling below 24,000 points, down 1.64% intraday; the Euro Stoxx 50 index dropped 1.35%, while the French CAC40 index and the UK FTSE 100 index both fell by more than 1%. (Golden Ten Data)
- 07:02Analyst: Spot gold may reach $4,500 ahead of scheduleAccording to Golden Ten Data, KCM Trade Chief Market Analyst Tim Waterley stated that the target price of spot gold at $4,500 may arrive sooner than expected, which largely depends on the duration of concerns over trade tensions and government shutdowns. Meanwhile, Federal Reserve Governor Waller expressed support for another rate cut, and investors expect the Fed to cut rates by 25 basis points at the October meeting and again in December. Waterley believes that the intensifying concerns over credit at U.S. regional banks provide traders with a reason to buy gold. So far this year, the price of gold has risen by more than 65%.
- 06:52The three major U.S. stock index futures extend their decline, with the Nasdaq down 1%.Jinse Finance reported that the three major U.S. stock index futures continued to decline, with Nasdaq 100 index futures falling by 1%, S&P 500 index futures down 0.85%, and Dow Jones index futures down 0.61%.